The directors of YankeeNets will meet today and hope to approve of their agreement to dissolve the company.

"Late Friday, the ownerships of the Yankees and the Nets agreed to a memorandum of understanding to dissolve the company, according to an executive involved with the lengthy negotiations. If the agreement is approved, it would let the Community Youth Organization, the Nets' ownership group, sell the team before the separation of YankeeNets is complete or wait until after the closing, in six weeks."

As of right now, there are three groups bidding for the Nets.